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Indian shares fall for 4th session; split views on rate cut
July 16, 2012 / 10:09 AM / 5 years ago

Indian shares fall for 4th session; split views on rate cut

MUMBAI, July 16 (Reuters) - India’s main index fell for a fourth consecutive session on Monday to post its lowest close in July as doubts about whether the central bank will cut rates hit some interest rate-sensitive stocks such as DLF.

Infosys dropped for a third consecutive session, ending down 2.8 percent, still reeling from disappointment over its earnings forecasts on Thursday.

India said June headline inflation rose a lower-than-expected 7.25 percent from a year ago, but core inflation was estimated at 4.85 percent, unchanged from levels in May.

The 30-share BSE index provisionally fell 0.68 percent to 17,096.98 points. The 50-share NSE index lost 0.57 percent to end at 5,197.25 points.

DLF shares fell 1.95 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

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